All Forum Posts by: Anthony Freeman

36 units across 5 properties. 

@Anthony Freeman

Hey Tones, would you paint a sign on your back for identity thieves in order to impress strangers? This is a Google-searchable open forum.

So the only people who brag about how rich they are on BP are gauche AF and/or trying to make money off you one way or another. Stick around, read between the lines, and you'll figure things out soon enough.

I don't even have a car, by the way. Just put me down as a broke-a$$-broke wannabe. I won't get offended.

About 32 completed/under contract/rehabbing, running it up a bit more till end of Q1 '24. Then setting aside till late Q3/Q4 '24. 

@Anthony Freeman - Mind clarifying my friend? That is kind of a broad question. 

I own 20 properties equaling 95 units. All done in 3 years. Purchased my first investment property on December 2020! 

1. Finding good distressed opportunities. Low supply equals less motivated sellers.

2. Refinancing into higher rates. Conventional is hoovering around 7%, if the FED policy hikes rates it's difficult to cash-flow. 

3. Downward pressure on the ARV can equal more trapped $$$. 

4. Ability to scale a portfolio with (x) amount of capital goes down. 

We have been fighting the above statements since 2018. It's frustrating but these are the cards the market has dealt right now. 

Anthony - I think the relatively low inventory has kept prices relatively high (for now), but increasing interest rates have made the cash flow post rehab challenging. To me, if you can get most of your money back on refinance with small cash flow that's a solid BRRRR. We can always refinance later when rates are lower and increase our cash flow. In the meantime you'll have equity paydown... Good Luck!